ELS25: Fundamentals of College and Nonprofit Endowments

William Jarvis is managing director and philanthropic executive at Bank of America Private Bank, where he heads strategic-thought leadership for institutional and private nonprofit organizations. An authority on investment policy and governance for endowed nonprofit organizations, Jarvis brings 41 years of experience to this role. Jarvis is the managing editor of the Bank of America Study of Philanthropy and the author of numerous white papers on investment policy and endowment governance.

Prior to joining Bank of America in 2017, Jarvis served as the executive director of the Commonfund Institute. In 2021, Jarvis was honored with NACUBO’s Rodney H. Adams Endowment Management Award for outstanding individual contributions to professional development activities in the area of college and university endowment and investment management.

Jarvis holds a B.A. in English literature from Yale University, a J.D. from the Northwestern University School of Law, and an M.B.A. from the J.L. Kellogg Graduate School of Management. Jarvis does not provide legal advice in his role at Bank of America.

Liz LaPolt Clark is vice president for policy and research at NACUBO and a member of the NACUBO executive leadership group. She has been widely quoted in the press and is a sought-after speaker on how Washington politics and federal policies impact higher education. Clark got her start on Capitol Hill opening Cornell University's first Washington, DC-based federal relations office. Also in her career, she has led federal affairs for the State University of New York (SUNY) System and for Oregon State University. At NACUBO, she heads the team responsible for analysis of federal regulatory and legislative actions, research, and communications.